📉 $ZEC / USDT: The Trap is Set
The chart for $ZEC is hiding a trap that most retail traders won’t see coming. While some are looking for a bounce, the technicals suggest a significant breakdown is looming.
⚡ Trade Plan: SHORT
Entry Zone: 262.59 – 265.90
Stop Loss (SL): 274.16
Take Profit 1 (TP1): 254.34
Take Profit 2 (TP2): 251.03
Take Profit 3 (TP3): 244.42
🔍 Why this setup?
The 4H timeframe is fully armed for a leg down. We are seeing a clear failure to push higher within the daily range, and the RSI on lower timeframes (15M) is already showing exhaustion at 43.25.
Weakening Momentum: Lower highs are forming against a key resistance zone.
Entry Trigger: Price is gravitating toward the 264.25 level, which serves as our primary trigger for a move toward the first target.
Risk Management
As always, stick to the plan. This zone is a battleground between the range-holders and the trend-followers.
Debate: Is this the final shakeout before the drop, or will the range hold yet again? Drop your thoughts below!
